Difference between revisions of "Necessities"
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(New page: Necessities are goods for which demand is inelastic. No matter how high the price goes, demand will still remain static, because they are essential. Category:Economics) |
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Revision as of 15:44, April 4, 2007
Necessities are goods for which demand is inelastic. No matter how high the price goes, demand will still remain static, because they are essential.